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Saudi Aramco warns rebuilding global oil inventories could take up to two years

The Saudi Aramco CEO said the inventory squeeze could intensify as the U.S.-Iran war continues.

Reported · Written up by our desk · Energy

Saudi Aramco’s chief executive warned that replenishing global oil stockpiles could take as long as two years.

According to CNBC Markets, the CEO said the inventory rebuilding timeline reflects how the ongoing U.S.-Iran war could worsen the current oil squeeze.

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Sources

CNBC MarketsSaudi Aramco chief says replenishing global oil stockpiles could take two years
CNBC WorldSaudi Aramco chief says replenishing global oil stockpiles could take two years

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